Commodity News
SunSirs: On November 1st, the Domestic Spot Tin Market Price Was Lowered
November 02 2023 14:43:52 SunSirs (John)
Price trend
The mainstream quotation range for 1 # tin ingot in the domestic spot tin market was 204,500-207,000 RMB/ton, with an average price of 205,750 RMB/ton, a decrease of 7,500 RMB/ton compared to the previous trading day.
Analysis review
Fundamentally speaking, there has been little change in the supply and demand side recently, with overall weak performance. High inventory has dragged down the trend of tin prices. On November 1st, Shanghai tin was under pressure and had fallen, while the spot market had mostly followed the fluctuations of the futures market in recent times.
Market outlook
It is expected that the tin market will show a weaker trend.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
Related Information
- 2024-04-25 SunSirs: Affected by Supply Shortage on April 22nd, Shanghai Tin Rose 6.31% in a Single Day
- 2024-04-18 SunSirs: On April 17th, under the Macroeconomic Disturbance, the Shanghai Tin Exchange Ended Its 10 Consecutive Gains
- 2024-04-11 SunSirs: On April 10th, Supply Concerns Combined with Macroeconomic Benefits Led to an Increase in Shanghai Tin Prices
- 2024-02-07 SunSirs: The Holiday Atmosphere Was Strong, and the Tin Ingot Market Was Operating to Be Weaker (January 29-February 5)
- 2024-01-30 SunSirs: Stocking before Holiday, Tin Ingot Market Was Upward (January 19-26)
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